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Financial Planning / Tax Strategies


Subject:  Re: Trust Taxes Date:  10/22/2006  11:05 PM
Author:  forester75 Number:  89202 of 127616

Thanks for your reply Bill. Concerning a trust, under what circumstances would a trust chose to treat the assets as being sold at a distribution to the heirs?
I was wrong about the date of the trust, it was an irrevocable trust established in 1974 with proceeds of life insurance flowing into the trust at the death of my FIL. The trust company then handled all investment decisions to generate income and growth.
I'm pretty sure the trust is not part of my MIL's estate.
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